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2000 N Milwaukee Ave
Chicago, IL 60647
2000 Milwaukee · Multifamily Property For Sale
·
17 Units
Investment Highlights
- 15 Luxury Apartments + 2 Retail Spaces in Prime Logan Square Location
- Current Average Rents = $2.91 PSF; Nearby Properties Averaging $3.50 - $4 PSF
- Steps to Western “L” Blue Line Station + Armitage & Milwaukee Bus Routes
- 2 Bedrooms = 1,035 SF Average; One Beds = 838 SF
- Indoor/Outdoor Parking Options + Elevator
- New Trader Joe’s Grocery Store Opening Within Steps of Property
Executive Summary
2000 North Milwaukee Avenue, a newer construction mixed-use property featuring 15 luxury apartments + 2 ground-floor commercial spaces, has been engaged to market for sale. Built in 2007, the property combines oversized apartments, indoor/outdoor parking, an elevator and prime retail space at the hard corner intersection of Armitage & Milwaukee Avenues in Chicago's fast growing Logan Square neighborhood.
CONTEMPORARY MIXED-USE PROPERTY
Originally built as condominiums, the property features 838 SF one bedrooms and 1,035 SF two bedrooms that live more as homes than typical apartments. Interiors showcase high-quality finishes including floor-to-ceiling windows, LVT flooring, stainless steel appliances, granite countertops, tiled bathrooms, individual HVAC systems, in-unit laundry, and private balconies in a majority of units. Additional building amenities include an elevator and 16 indoor/outdoor parking options. The two commercial spaces are leased to long term tenant MK Construction & Builders Inc. and Coach Tom Chicago. Located at the stoplight corner of Milwaukee and Armitage Avenues, the retail spaces benefit from high pedestrian and vehicular traffic and excellent visibility.
EXCEPTIONAL LOGAN SQUARE LOCATION
Located approximately three miles northwest of downtown Chicago, the building provides convenient access to the CTA Blue Line and multiple bus routes, along with the Kennedy Expressway & Clybourn Metra Stop, ensuring seamless connectivity throughout the city & suburbs. Residents enjoy Logan Square's renowned dining, entertainment, and shopping options, along with scenic boulevards and the charm of Logan and Palmer Squares, making this an exceptionally desirable neighborhood.
CONTEMPORARY MIXED-USE PROPERTY
Originally built as condominiums, the property features 838 SF one bedrooms and 1,035 SF two bedrooms that live more as homes than typical apartments. Interiors showcase high-quality finishes including floor-to-ceiling windows, LVT flooring, stainless steel appliances, granite countertops, tiled bathrooms, individual HVAC systems, in-unit laundry, and private balconies in a majority of units. Additional building amenities include an elevator and 16 indoor/outdoor parking options. The two commercial spaces are leased to long term tenant MK Construction & Builders Inc. and Coach Tom Chicago. Located at the stoplight corner of Milwaukee and Armitage Avenues, the retail spaces benefit from high pedestrian and vehicular traffic and excellent visibility.
EXCEPTIONAL LOGAN SQUARE LOCATION
Located approximately three miles northwest of downtown Chicago, the building provides convenient access to the CTA Blue Line and multiple bus routes, along with the Kennedy Expressway & Clybourn Metra Stop, ensuring seamless connectivity throughout the city & suburbs. Residents enjoy Logan Square's renowned dining, entertainment, and shopping options, along with scenic boulevards and the charm of Logan and Palmer Squares, making this an exceptionally desirable neighborhood.
Property Facts
| Price Per Unit | $630,793 CAD | Building Class | A |
| Sale Type | Investment | Lot Size | 0.51 AC |
| Cap Rate | 6.23% | Building Size | 18,146 SF |
| Gross Rent Multiplier | 10.67 | Average Occupancy | 100% |
| No. Units | 17 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | B3-2, Chicago | ||
| Price Per Unit | $630,793 CAD |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| Gross Rent Multiplier | 10.67 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.51 AC |
| Building Size | 18,146 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2007 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | B3-2, Chicago |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Island Kitchen
Property Taxes
| Parcel Numbers | Improvements Assessment | $437,960 CAD | |
| Land Assessment | $84,399 CAD | Total Assessment | $522,360 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$84,399 CAD
Improvements Assessment
$437,960 CAD
Total Assessment
$522,360 CAD
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